Friday, 22 May 2015
Last updated 23 min ago
Aug 19 2011 | 4:42am ET
The Texas Tech University System has allocated $30 million to two hedge funds.
The $800 million endowment hired Comac Capital and Graham Capital Management to run $15 million apiece, HFMWeek reports. The former is a global macro strategy and the latter a multi-strategy quantitative hedge fund.
“These strategies tend to have a low correlation with funds focusing on equity and credit,” according to TTUS documents.
TTUS has between 30% and 35% of its portfolio investing in hedge funds. Comac and Graham are the second two hedge funds hired by the endowment this year after Argonaut Capital Management and Discovery Capital Management.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…